Government final consumption expenditure increased 1.8% and Household final consumption expenditure increased 1.6% in seasonally adjusted terms. The main contributors to growth in Household final consumption were Purchase of vehicles (up 11.2%), Recreation and culture (up 3.3%) and Insurance and other financial services (up 2.6%).

Gross fixed capital formation

Gross fixed capital formation increased 0.6% in seasonally adjusted terms. Total private gross fixed capital formation increased 0.8%, reflecting a rise in Total dwellings investment (up 5.0%). Public gross fixed capital formation was flat. This was the result of a fall in Public corporations investment (down 1.4%) that was offset by a rise in Total general government investment (up 0.7%).

Changes in inventories

Total inventories fell by $514m in seasonally adjusted terms compared with an increase of $1770m last quarter. The change in inventories detracted 0.7 percentage points from GDP growth during the quarter.